Published On: Wed, Aug 31st, 2016

PAKISTAN EXPECTS TO ACHIEVE APPROXIMATELY 13MN BALES OF COTTON IN COMING SEASON

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cotton-augISLAMABAD: The 4th meeting of Federal Textile Board (FTB) was informed on Monday that Pakistan has recovered its cotton losses from last year and expected to achieve approximately 13 million bales of cotton in the coming season.

This was reported to the 4th meeting of Federal Textile Board (FTB), held under the chairmanship of Federal Minister of Commerce, Engr. Khurram Dastgir Khan here.

In their separate submissions, Pakistan Cotton Ginners Association (PCGA) and Cotton Commissioner informed the gathered stakeholders that through close coordination between Federal Government and Government of Punjab the Pink bollworm which had damaged the cotton crop last year have largely been controlled.

Furthermore, a large number of farmers have been trained to drain their fields properly so that their crops can be safeguarded.

All the stakeholders across the value chain beginning from ginners, weavers, spinners, bed sheet manufacturers and garment manufacturers made detailed presentations on current state of exports in their sectors and gave suggestions for improvements in the policies.

The minister informed those present that in Prime Minister Nawaz Sharif leadership the PML (N) government had already facilitated the exporters through zero rating, unprecedented cuts in exports financing rates, uninterrupted supply of electricity and gas and repeated reduction in electricity prices and assured the stakeholders of full government support.

The textile association welcomed the efforts and support of government & Ministry and specially thanked the support extended by the Minister for Commerce/Chairman Federal Textile Board.

The minister expressed confidence that in spite of challenging international environment Pakistani exporters have the ability to rise to the challenge and grow Pakistani exports.

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